Raises

Saudi Arabia-based fashion e-commerce startup Aya has secured $7 million (SAR 26 million) in a Series A funding round led by RAED Ventures, with participation from Nuwa Capital, Sanabil Investments (a Public Investment Fund company), Khwarizmi Ventures, Joa Capital, and other investors. Founded in 2024 by Munira Al Kadi and Abdulrahman Al Ammar, Aya operates

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at

Tension engulfed the national secretariat of the Social Democratic Party (SDP) on Thursday after security operatives stormed the party headquarters shortly after the screening exercise of the party’s former presidential candidate, Prince Adewole Adebayo. Adebayo alleged that the action was part of a coordinated attempt to disrupt the SDP’s presidential...

India's economy is expected to expand 6.6% in FY27, down from an estimated 7.7% in FY26, before accelerating to 7.2% in FY28. The World Bank's forecast comes against the backdrop of a resilient Indian economy. (AFP) The World Bank has marginally raised India's growth forecast for 2026-27 to 6.6% from the 6.5% projected in January

TL;DR Stord raised $250 million at a $3 billion valuation to expand its warehouse network and invest in AI and robotics, aiming to give independent brands the fulfilment speed needed to compete with Amazon. Stord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F

Ares Management drew $1.6 billion in equity commitments for its latest Japan industrial development fund, the fifth in a series inherited from the US alternative asset manager’s acquisition of GLP’s ex-China business last year. Ares expects to hold a first... Read More>> The post Ares Raises $1.6B for Japan Industrial Fund as AUM Hits $644B appeared first

Image: Push Square In a presentation aimed at investors earlier today, PlayStation announced its intention to use AI to “deliver a cutting-edge entertainment experience” for its players. Unsurprisingly, its comments have already attracted significant blowback from some corners of social media, but it’s important to first reflect on what boss Hideaki Nishino actually said. AI

Happy Pay, a South African buy-now-pay-later (BNPL) startup, has raised a $5 million seed round to scale what it describes as Africa’s first ad-supported payments network.  The funding will be used to deepen merchant partnerships, expand distribution across online and offline channels, and further develop its AI-powered recommendations and advertising engine. Partech led the round